This report is an excerpt from the 2017 Packaging Outlook Report, featured in Packaging Strategies NEWS.
March 13, 2017
PMMI’s “2016 State of the Industry: U.S. Packaging Machinery Report” analyzed 28 packaging machinery categories and revealed the value of domestic shipments of packaging machinery is projected to grow at a compound annual growth rate (CAGR) of 2.4% from $7.51 billion in 2015 to $8.5 billion in 2020.
Consumer packaged goods companies (CPGs) continue to face major changes across the industry. Ecommerce and digital marketing continue to rise steadily in importance, though physical stores show no signs of going away.
Advancements in films – for nearly all types of packaging – continue to prove we are only touching the surface of these dominant materials. Nowadays, consumers as well as retailers pay more attention to packaging that keeps products safe, including films, when making their purchasing decision.
The robotics market in North America set new records for the first nine months of 2016. According to the Robotic Industries Association (robotics.org), 23,985 robots, valued at $1.3 billion, were ordered from North American companies in the first nine months of 2016 – an increase of 7% in units over the same period in 2015.
Nine out of 10 consumers say they will pay more for products manufactured by companies that are addressing social and environmental issues. Moreover, 84% of global consumers say they specifically look to purchase responsible products.
U.S. government-mandated serialization is creating a scramble in the pharmaceutical packaging world. Track and trace solutions must meet Drug Supply Chain Security Act (DSCSA) compliance by November of this year.
SussexIM, an independent cosmetics packager, recently held an on-site meeting of Women in Manufacturing (WiM), which underscored the desire of both women professionals and manufacturing management to forge closer bonds, to the mutual benefit of all.